The document outlines a short straddle strategy on the Nifty index with an expiry date of November 26th, 2015. It recommends selling 75 call options at a strike of 7950 and selling 75 put options at a strike of 7950, collecting a total premium of Rs. 280. A pay-off table and chart are provided showing potential profits from the strategy if the Nifty remains in a range around the 7950 level by expiry. Contact details are given for the research analysts in case of any queries. Standard disclaimers about the information and recommendations provided are also included.

1. Derivative Strategy
06th Nov. 2015
SEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
NIFTY : CMP 7950 Short Straddle Pay-Off Table
NIFTY PAY-OFF
7575.00 -95.00
7650.00 -20.00
7725.00 55.00
7800.00 130.00
7875.00 205.00
7950.00 280.00
8025.00 205.00
8100.00 130.00
8175.00 55.00
8250.00 -20.00
8325.00 -95.00
Pay off with Chart
P
R
O
F
I
T
/
L
O
S
S
View – Range Bound
Expiry Date - 26th Nov 2015
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
Sell 75 7950 Nov CE 149.40
Sell 75 7950 Nov PE 130.60
-150
-100
-50
0
50
100
150
200
250
300
7575.00 7650.00 7725.00 7800.00 7875.00 7950.00 8025.00 8100.00 8175.00 8250.00 8325.00

2. Expiry Derivative Strategy
06th Nov. 2015
SEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
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Kunal Parmar
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kunal.parmar@choiceindia.com
Vikas Chaudhary
Research Associate
vikas.chaudhary@choiceindia.com
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity
Broking Pvt Ltd., ou=Research Dept.,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2015.11.06 16:48:27 +05'30'